Synaptics Incorporated (NASDAQ:SYNA) Expected to Post Earnings of $3.43 Per Share

Analysts expect Synaptics Incorporated (NASDAQ:SYNAGet Rating) to post earnings of $3.43 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Synaptics’ earnings. The lowest EPS estimate is $3.21 and the highest is $3.65. Synaptics reported earnings of $2.18 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 57.3%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Synaptics.

Synaptics (NASDAQ:SYNAGet Rating) last issued its earnings results on Thursday, May 5th. The software maker reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.20. Synaptics had a return on equity of 30.47% and a net margin of 9.85%. The business had revenue of $470.10 million for the quarter, compared to analyst estimates of $464.65 million. During the same quarter last year, the company earned $1.39 EPS. The business’s quarterly revenue was up 44.3% on a year-over-year basis.

Several research firms have commented on SYNA. Craig Hallum cut their price target on Synaptics from $265.00 to $220.00 in a research report on Friday. KeyCorp cut their price target on Synaptics from $310.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 12th. Summit Insights lowered Synaptics from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Synaptics from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Cowen cut their price target on Synaptics from $310.00 to $210.00 in a research report on Monday, May 2nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $239.64.

SYNA opened at $159.98 on Friday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 45.32 and a beta of 1.34. Synaptics has a 52 week low of $114.05 and a 52 week high of $299.39. The business’s 50 day moving average is $188.57 and its two-hundred day moving average is $223.63. The company has a quick ratio of 2.58, a current ratio of 2.94 and a debt-to-equity ratio of 0.92.

In related news, insider Dean Warren Butler sold 1,448 shares of Synaptics stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $209.69, for a total value of $303,631.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC raised its holdings in Synaptics by 86.0% during the first quarter. Los Angeles Capital Management LLC now owns 16,390 shares of the software maker’s stock worth $3,270,000 after purchasing an additional 7,576 shares during the last quarter. RMB Capital Management LLC raised its holdings in Synaptics by 22.1% during the first quarter. RMB Capital Management LLC now owns 31,297 shares of the software maker’s stock worth $6,244,000 after purchasing an additional 5,663 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Synaptics by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,384 shares of the software maker’s stock worth $2,471,000 after purchasing an additional 680 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in Synaptics during the first quarter worth $3,977,000. Finally, Russell Investments Group Ltd. raised its holdings in Synaptics by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 31,669 shares of the software maker’s stock worth $6,317,000 after purchasing an additional 674 shares during the last quarter. 91.93% of the stock is owned by hedge funds and other institutional investors.

About Synaptics (Get Rating)

Synaptics Incorporated develops and supplies semiconductor products and solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes or over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.

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